A massive rumor has spread across the web and if it rings true could be the biggest internet related buyout of 2006. According to the Wall Street Journal, it appears that Google is in talks to buy out YouTube for the hefty price of....here comes Dr. Evil....muah ha ha, muah ha ha $1.6 billion dollars.
Yes, you read that right. It wasn't but a week ago that a certain head of Yahoo!, a certain Mark Cuban, claimed that anyone interested in buying YouTube was "a moron!" Not to bloat the ego or anything, but I made the comment that Cuban himself would be kicking himself in the ass for not trying to pursue that deal and here it is that his main competitor is doing just that.
What are the ramifications of a mega-deal like this you ask? Well for starters, both Google Video and YouTube would be a major outlet for advertisers, studios and record labels to market their material in a medium that has spread like wildfire over the past year and a half.
$1.6 billion dollars does not sound like much when you can be an outlet that generates 100 million views on a daily basis.
If this rumor indeed becomes fact, we could all be tuning to the GooTube. Yes, I just trademarked the new future of viral video.
Wall Street Journal: Google Is in Talks to Buy YouTube